Argentine Minister Defends Machinea
Amid New Rumors of His Resignation

Dow Jones Newswires

Updated Nov. 10, 2000 12:01 a.m. ET

BUENOS AIRES -- One member of Argentina's Cabinet defended Economy Minister Jose Luis Machinea on Wednesday against a barrage of criticism in the local media, while another -- considered a potential successor should Mr. Machinea resign -- plans to meet with investors in New York.

Interior Minister Federico Storani came out in support of Mr. Machinea at a meeting of economists outside Buenos Aires, amid renewed rumors of the economy...